Notable: it does not apply to Isle of Man, Jersey, and Guernsey at this point. However, it remains to be seen whether they comply voluntarily in order to not look bad or if they will find solutions to attract those seeking new homes away from BVI, Cayman Islands, Anguilla, and others but still hoping to stay within the UK sphere.

We are a long way from any change in Cayman’s existing verified ownership regime. The Cayman Islands financial services industry will support fully all actions taken by the Cayman Islands Government to assess its options for responding to this unjustifiable encroachment into matters within Cayman’s domestic competence.